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tog comments on Graphical Assumption Modeling - LessWrong
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Comments (21)
Perhaps 'Fermi estimate' was not the best term to use but I couldn't think of an equally understandable but better one. It could be called simply 'estimate', but I think the important thing here is that its used very similarly to how a Fermi estimate would be (with very high uncertainty of the inputs, and done in a very simple manner). What would you call it? (http://lesswrong.com/lw/h5e/fermi_estimates/).
I like the name it sounds like you may be moving to - "guesstimate".
Thanks!
Guesstimates as a thing aren't very specific, what I am proposing is at least a lot more involved than what has been typically considered a guesstimate. That said, very few people seem familiar with the old word, so it seems like it could b extended easily.